Question: An estimator needs to do an estimate for a project that is planned to start in January 2025 and lasts for 16 months. If (time

An estimator needs to do an estimate for a project that is planned to start in January 2025 and lasts for 16 months. If (time now) is March 2024 and the database is 3-month-old. How long is the period for estimating the inflation/escalation? If the estimate, before adjusting for inflation, is

$9,450,000, and the estimator needs to assume 5% annual inflation, how much the estimate will be after adjustment?

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